Jamaican Dollar indian rupee exchange rate history (JMD INR) October 2023

Jamaican Dollar indian rupee history for October 2023. The highest quote for this month is 0.55051 (05/10/2023) and the lowest 0.54763 (28/10/2023). The difference between high and low is 0.52.

JMD INR average rate for October 2023 is 0.54278, the change between 01/10/2023 and 31/10/2023 is -1.24 %.

01 October 2023	1 JMD = 0.5388 INR
02 October 2023	1 JMD = 0.5405 INR
03 October 2023	1 JMD = 0.5443 INR
04 October 2023	1 JMD = 0.5434 INR
05 October 2023	1 JMD = 0.5452 INR
06 October 2023	1 JMD = 0.5427 INR
07 October 2023	1 JMD = 0.5398 INR
09 October 2023	1 JMD = 0.5437 INR
10 October 2023	1 JMD = 0.5443 INR
11 October 2023	1 JMD = 0.5436 INR
12 October 2023	1 JMD = 0.5430 INR
13 October 2023	1 JMD = 0.5420 INR
16 October 2023	1 JMD = 0.5423 INR
17 October 2023	1 JMD = 0.5408 INR
18 October 2023	1 JMD = 0.5420 INR
19 October 2023	1 JMD = 0.5404 INR
20 October 2023	1 JMD = 0.5399 INR
21 October 2023	1 JMD = 0.5396 INR
22 October 2023	1 JMD = 0.5396 INR
23 October 2023	1 JMD = 0.5434 INR
24 October 2023	1 JMD = 0.5429 INR
25 October 2023	1 JMD = 0.5420 INR
26 October 2023	1 JMD = 0.5433 INR
27 October 2023	1 JMD = 0.5430 INR
28 October 2023	1 JMD = 0.5476 INR
29 October 2023	1 JMD = 0.5476 INR
30 October 2023	1 JMD = 0.5464 INR
31 October 2023	1 JMD = 0.5455 INR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Jamaican Dollar Indian Rupee